ARTICLES ABOUT SATELLITE TOWNS BY DATE - PAGE 2

NEW DELHI: A recovery syndrome in employment generation has started resurfacing in the National Capital Region (NCR) during the first four months of FY10, which witnessed a 17.1 per cent surge in jobs creation as compared to the last four months of FY 09, according to Assocham Placement Pattern. The APP Study titled 'Job Opportunities in the National Capital' concludes that between April and July 2009, 49,750 openings were created at different levels in the entire NCR, comprising Delhi, Gurgaon, Noida, Greater Noida, Ghaziabad and Faridabad as compared to 42,501 openings between December and March '08-09.

They are increasingly being touted as the most liveable residential hubs of India. Offering the luxury of sprawling greens, spacious developments and 'value for money' homes ? suburbs are emerging as a popular buyer preference like never before. What has also helped in their success saga over the last few years has been the skyrocketing real estate prices in core city areas coupled with low supply. Suburban living is fast catching up as the preference among a host of home buyers, and these satellite towns are being touted as the future growth drivers of real estate in India.

Hong Kong: China's emerging middle class is set to generate significant spending growth in the coming years, as more and more people in both mega cities like Shanghai and Beijing as well as numerous satellite towns and second-tier cities want to buy "affordable luxuries". Speaking at a recent business forum, Janet de Silva, chief executive officer of a Hong Kong-based marketing and branding firm, said China's emerging middle class has been "a reality", especially over the past five years, and the retail markets are already established and competitive in cities like Beijing and Shanghai.

NEW DELHI: The government is set to create 35 new satellite townships, on the lines of Gurgaon and Noida, on the public-private partnership (PPP) model. Such townships will come up along cities having million-plus population. The urban development ministry has forwarded its proposal to the Cabinet for its approval. Official sources said the finance ministry has approved an initial corpus of Rs 500 crore in-principle for the project. It would be topped up every year depending on the number of projects the government receives from states, an official said.

NEW DELHI: The Centre is planning to develop about 50 satellite townships near big cities such as Kolkata, Chennai, Bangalore and Pune in a bid to de-congest these urban areas. The ministry of urban development is giving final touches to the satellite towns policy to facilitate the process. The ministry has initiated discussions with states that have been receiving funds under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), an official said. "To start with, we would identify space for new townships.

NEW DELHI: The Centre is formulating a new policy for creating around 60 new towns on the lines of Gurgaon and Noida. Cities with a population of 65 million would create such towns. The Urban Development Ministry is discussing the matter with states, said Urban Development Secretary M Ramachandran. States have been asked to demarcate areas around major cities for developing new towns. "All new towns would get central funding under Jawaharlal Nehru National Urban Renewal Mission.

NEW DELHI: Call it the suburban shift. At least 100 satellite towns in India may get central assistance once the government rolls out a major policy on satellite towns by early next year. The ministry of urban development, which has circulated a concept note to the concerned central and state government agencies, would like to implement it, to begin with, in all the 35 cities, each of which has one million plus population, sources close to the development told SundayET. Even with an average of just three to four satellite towns for one such big city, the number of satellite towns that would get benefits from the proposed policy, may go up to 150. The Centre may undertake a wider consultation process with the state government representatives in November this year to finalise the policy.

NEW DELHI: In the last couple of months, rentals of central and suburban business districts of Delhi (CBD & SBD), comprising areas such as Connaught Place and Nehru Place, have touched all time highs. On the other hand, for the first time in the last half a decade or so, commercial rentals in the satellite towns, comprising Noida, Gurgaon and Faridabad, are showing signs of a slowdown in growth. Experts are at-tributing this slowdown to mainly two factors?an over supply of commercial space in the satellite towns and the impending develop-ment of a new SBD in Delhi itself, at Jasola.

NEW DELHI: All cable TV viewers in Delhi, Mumbai and Kolkata and the satellite towns of these metros will soon require a set-top box (STB) to watch their daily dose of entertainment. The satellite towns include New Bombay and Thane for Mumbai and Ghaziabad, Faridabad and Gurgaon for Delhi. Cable operators and government officials on Thursday in a joint meeting agreed to mandatorily extend the Conditional Access Regime (CAS) to all areas of the three metros and adjoining areas including the satellite towns of these metros, sources said.

With demand still outstripping supply, even satellite towns are getting crowded. The result, farmlands on the fringe are getting co-opted You thought Noida and Gurgaon were hogging limelight only for their swanky malls and hot residential properties? Check your facts. As the demand for residential properties is getting hot in the National Capital Region (NCR), many new residential destinations are emerging on the outskirts of the these satellite towns. They are now called the new surburbs of NCR. Located north of Delhi with two adjoining industrial towns, Rai, Sonepat and Kundli arethe fastest growing satellite towns.